NOT LISTED FOR SALE

2516 N Central Park Ave Chicago, IL 60647

Logan Square Neighborhood

Estimated Value: $466,000 - $997,000

5 Beds
3 Baths
880 Sq Ft
$728/Sq Ft Est. Value

Last Sold April 10, 2020

Last sale price $485,000 $551 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,093/month

142 Days on Market

Highlights

  • A-Frame Home
  • Property is near a park
  • Fenced Yard
  • Deck
  • Lower Floor Utility Room
  • 2 Car Detached Garage

About This Home

As of April 2020

Fabulous Logan Square multi unit with newly renovated exterior and owners unit! First and second floor units are two bedrooms, one bath.The building is zoned a legal 2-flat.The renovated owners unit has freshly refinished beautiful hardwood floors in the living room and new flooring in the brand new kitchen. The kitchen boasts new white cabinets, marble countertops and stainless appliances. The new contemporary bathroom is designed with large subway tile, basket weave floor tile and a soaking tub. The first floor unit has hardwood floors throughout, original woodwork and architectural details including a built in hutch, spacious kitchen, a newer bathroom, and back deck. The building and two-car garage have brand new siding. The beautiful grassy yard is large and fenced in. The basement is clean and dry with coin-operated laundry and plenty of storage space. Roofs and windows are less than 5 years old and all mechanicals are in great condition and have been perfectly maintained. Enjoy this prime Logan Square location that is close to grocery, restaurants, shopping, transportation and highway. Live in one unit and let your tenants pay your mortgage! Financing and down payment assistance options are available - please ask listing agent. (Current tenants are month to month.)

Last Agent to Sell the Property

Janet Kohl

Coldwell Banker Realty License #475159055 Listed on: 10/12/2019

Coldwell Banker Realty

Last Buyer's Agent

Jason Hortin

Redfin Corporation License #475156710

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,887

Year Built

  • Built in 1896 | Remodeled in 2019

Lot Details

  • 3,049 Sq Ft Lot
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • A-Frame Home
  • Victorian Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Entrance Foyer
  • Lower Floor Utility Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms
  • Soaking Tub

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Additional Features

  • Deck
  • Property is near a park

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $11,400
  • Net Operating Income $51,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,887

Year Built

Built in 1896 | Remodeled in 2019

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian, A-Frame
  • New Construction: No
  • Year Built: 1896
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s)
  • Room Type: Foyer, Utility Room-Lower Level
  • Basement Description: Partially Finished,Exterior Access
  • Bathroom Amenities: Soaking Tub
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Range Hood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Range Hood,Hardwood Floors,Walk-In Closet

Exterior Features

  • ExteriorFeatures: Deck, Storms/Screens, Cable Access
  • Foundation Details: Concrete Perimeter
  • List Price: 499000
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Radiator(s)
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: 26X125 (3250 SQ FT)
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 51000
  • GrossIncome: 11400
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3886.95
  • Tax Year: 2017
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2019
Closed on
Mar 17, 2020
Sold by
Kohl Robert A
Bought by
Bostick Robert and Lirette Kolby
Seller's Agent
Janet Kohl
Coldwell Banker Realty
Buyer's Agent
Jason Hortin
Redfin Corporation
List Price
$499,000
Sold Price
$485,000
Premium/Discount to List
-$14,000
-2.81%
Current Estimated Value
$640,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,486
Avg. Annual Appreciation
5.20%
Original Mortgage
$451,668
Interest Rate
3.3%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 31, 2010
Sold by
Dahl Carroll
Bought by
Kohl Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,100
Interest Rate
4.49%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bostick Robert $485,000 Affinity Title Services Llc
Kohl Robert A $70,500 Stewart Title Guaranty Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bostick Robert $451,668
Previous Owner Kohl Robert A $49,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2020 04/10/20 Sold $485,000 -2.8% $551 / Sq Ft
03/02/2020 03/02/20 Pending -- -- --
02/13/2020 02/13/20 For Sale $499,000 0.0% $567 / Sq Ft
02/03/2020 02/03/20 Pending -- -- --
11/11/2019 11/11/19 For Sale $499,000 0.0% $567 / Sq Ft
10/23/2019 10/23/19 Pending -- -- --
10/12/2019 10/12/19 For Sale $499,000 -- $567 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,208 $45,717 $14,138 $31,579
2023 $8,000 $41,164 $11,378 $29,786
2022 $8,000 $38,764 $11,378 $27,386
2021 $7,821 $38,764 $11,378 $27,386
2020 $5,772 $25,818 $5,200 $20,618
2019 $6,539 $32,427 $5,200 $27,227
2018 $6,405 $32,427 $5,200 $27,227
2017 $3,887 $18,056 $4,550 $13,506
2016 $3,616 $18,056 $4,550 $13,506
2015 $3,309 $18,056 $4,550 $13,506
2014 $2,709 $17,171 $3,900 $13,271
2013 $2,645 $17,171 $3,900 $13,271
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10546431

Midwest Real Estate Data (MRED)

APN: 13-26-322-036-0000